Ramsdens Holdings AIM:RFX
- Founded
- 1987 · Middlesbrough, England
- Incorporated
- United Kingdom
- Chief executive
- Peter Kenyon
- Employees
- 836
- Reports in
- GBP
- Companies House
- 08811656
Diversified financial services retailer operating from over 160 UK stores plus online, spanning pawnbroking loans, foreign currency exchange, precious metals buying and new and pre-owned jewellery and watch retail. Benefits from high gold prices and demand for value jewellery.
Read straight from the annual reports
633p at close on 2 Oct 2026 · 12 reported years, 2015–2025
| Line | FY201503/15 | FY201603/16 | FY201703/17 | FY201803/18 | FY201903/19 | FY201904/19 | FY202009/20 | FY202109/21 | FY202209/22 | FY202309/23 | FY202409/24 | FY202509/25 | FY2026unreported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | later 72.5 | |||||||||||
| Gross profit | — | ||||||||||||
| Operating profit | — | ||||||||||||
| Adjusted operating profit | — | — | — | — | — | — | — | — | — | ||||
| Exceptional items | — | — | — | — | — | — | — | — | — | ||||
| Net finance cost | — | ||||||||||||
| Profit before tax | — | ||||||||||||
| Adjusted profit before tax | — | vs 4.1 | — | — | — | — | — | — | — | — | |||
| Tax charge | — | ||||||||||||
| Profit for the year | — | ||||||||||||
| EBITDA | — | ||||||||||||
| Adjusted minus statutory PBT | — | — | — | — | — | — | — | — | — | ||||
| Basic EPS | — | — | |||||||||||
| Diluted EPS | — | — | |||||||||||
| Adjusted EPS | — | — | — | — | — | — | — | — | — | — | |||
| Dividend per share | — | — | — |
GBP millions, negatives in brackets. Per-share lines in pence, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
11 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
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Gold price appreciation boosting purchase-of-precious-metals margins
Sterling gold price rose from £65.25/gram to £92.33/gram (+40%) in the year; PPM gross profit up 52% to £17.9m
page 16Pawnbroking loan book growth
Total loan book (capital value) grew 7% to £11.4m; average loan value rose to £381 (FY24: £347)
page 15Rising gold price
Gold price increase drove a 52% rise in PPM gross profit and an 18% rise in jewellery retail gross profit, though it also raised jewellery wholesale input costs
page 16Staff cost inflation (Real Living Wage and employer NI changes)
Staff costs rose 16% in the year from RLW increases (to £12.60/hr, rising to £13.45 in April 2026), NI rate/threshold changes from the October 2024 Budget, and variable pay
page 29Short-term cost of FY25 pawnbroking customer-support/loan-renewal project
page 11It has been another great year of progress for the Group, with revenue exceeding the £100m mark for the first time, at £116.8m (FY24: £95.6m), and a record profit before tax of £16.2m (FY24: £11.4m).
page 8Formal Note 28 and Directors' Report both state there were no post balance sheet events requiring further disclosure in the financial statements
page 118Progressive dividend policy targeting a move toward c.50% of post-tax profits distributed, subject to financial performance and growth opportunities. FY25 total dividend of 16.0p (13.5p ordinary + 2.5p special) represents a 43% payout ratio of basic EPS and a 43% increase year on year. Proposed final dividend 11.0p (9.0p ordinary + 2.0p special) payable 20 March 2026.
page 29Financial statements prepared on a going concern basis following an extensive Board review of forecast earnings and cash to 31 January 2027, supported by £15.4m cash, readily realisable gold jewellery stock, and £6.5m undrawn on a £15m RCF (expiry March 2029). Grant Thornton UK LLP issued an unmodified (unqualified) audit opinion (its fifth year as auditor), raising one Key Audit Matter: risk that pawnbroking revenue may be misstated due to fraud or error (interest recognition and expected credit loss estimates).
page 80- Cyber security - failure of IT systems/e-commerce websites causing business interruption, data breach or reputational damage; Board assesses this as the Group's highest risk, having increased over the last yearp.52
- Economic risk - UK cost-of-living, inflation, interest rates and consumer confidence affecting jewellery retail and currency sales; employment cost inflation from NLW/NI changesp.52
- Regulatory risk - FCA authorisation requirements for pawnbroking, credit broking and payment services; forthcoming employment law changes; risk of breaching regulations or losing approvalsp.53
- Reputational risk - adverse publicity or social media comment affecting the Ramsdens brand and customer trustp.53
Read from C001068-AR-2025-ch.
10 annual reports read, FY2016 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (10)
FY2026Next report expected 21 Jan 2027